Retail Investment Property-Beatrice NE

Retail-Commercial for Sale
Catylist Listing ID: 30464105
Property Subtypes: Service Station/Gas Station
Building Size (RSF): 1,457 SF
Gross Building Area: See Agent
Sale Price: $223,200
Unit Price: $153.19 PSF
Ceiling: 16 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 10.75%
Last Updated: 8/12/2019

Overview / Comments

The subject site offers an investor the opportunity to acquire a leased asset with a proven operator. Valvoline Instant Oil Change has been onsite since 1998. This offering is a NNN lease with few Landlord responsibilities, tenant pays expenses direct. The site is situated on a high traffic, retail corridor with excellent visibility and 13,530 vehicles per day.

Attachments & Media

Current Tenants

Tenant Business Name Valvoline Instant Oil Change
Tenant Notes Valvoline and Valvoline Instant Oil Change (VOIC) are headquartered together in Lexington, Kentucky. Valvoline (NYSE: VVV) is one of America’s oldest companies continuously in business since 1866. Valvoline™ has spent more than 150 years under the hood perfecting lubricants to improve vehicle performance. As a division of Valvoline, VOIC is a part of that rich heritage. VIOC opened its doors in 1986, bringing the quality of the Valvoline brand to the do-it-for-me quick lube customer. Today there are 900+ VIOC locations coast to coast, and serve 9 million customers a year. The Valvoline Instant Oil Change model is proven just like the Valvoline products. NEVIOC LLC is a franchisee of Valvoline Instant Oil Change. The Southeast Nebraksa franchise is wholly owned by Chris Stokes, a successful businessman based in Lincoln, NE. NEVIOC owns three VOIC locations in Southeast Nebraska, and is currently working on a fourth location. The company is profitable and in a growth mode, and is selling the property to raise funds for its next location. One of the major things that makes Valvoline Instant Oil Change such a successful franchisor is the heritage of the Valvoline™ brand. Valvoline has been around longer than any other automotive oil brand in the U.S. They know engines and they know lubricants – more so than any other company in the world. Their products are proven on racetracks around the world and continue to do so today – that’s their business heritage.

Additional Details

Nearest MSA: Beatrice
County: Gage
Tax ID/APN: 013926000
Traffic/Vehicle Count: 13,530
Highway Access: Highway 77
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 1998
Total Parking Spaces: 5
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,333 13,294 13,294
Median Age: 40.83 43.11 43.11
Households: 2,857 5,783 5,783

Contact

Photograph of Listing Agent

Thomas Graf, CCIM

NAI FMA Realty MRCIE Member
Photograph of Listing Agent

Marc D Hausmann

NAI FMA Realty MRCIE Member
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